Macphie sees increase in turnover from exports

18 December, 2012

ByGeorgi Gyton

Macphie of Glenbervie has seen an increasing amount of its group turnover coming from exports, as revealed in the firm’s latest accounts, filed at Companies House.

The Scottish firm, which primarily manufactures and distributes foods products, saw group turnover increase 1% for the full year to 31 March 2012. Just over £6.1m of this came from exports, up from £5.2m for the previous year. It achieved a profit after tax of £2.36m.

Macphie said growth had been impacted by the closure of its butchery operation – part of its Glenbervie Aberdeen Angus Limited subsidiary – in September 2011, following a transfer to its joint venture partner.

It added that growth had also been hit due to changing customer and product mix within its core food business.

Looking ahead, the board said it predicted little change to the economic uncertainty, or in the volatility in the raw material commodity marketplace.